Price Adjustment, Dry Cleaner Plant, Quick Sale

York County, PA

Price Adjustment, Dry Cleaner Plant, Quick Sale
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Asking Price: Get Financing: $399,000

Cash Flow: $165,300

Gross Revenue: $585,500

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $23 /SF/Month

Established: 2002

Price Adjustment, Dry Cleaner Plant, Quick Sale

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Business Description

Over 80% of business is credit cards. Approximately 30% is dry cleaning remainder shirts and wash/ fold and pick up. The method used is Hydrocarbon, which is a very safe handling vs Perc which is being phased out.
Three vans are part of the sale, fully equipped dry cleaner factory including boiler, topper, hampers,racks, baggers, dry cleaning machine, presses and washers/dryers.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
17
Facilities:
Main plant for retail/ commercial facility. One drop store with all types alterations, one just drop store. 25% of Sales comes from daily delivery routes with two full time drivers and Company supplied vans.
Competition:
Established over 60 years ago, great reputation, very reliable company. They are the major dry cleaner and drop off stores where they are located. New owner can expand the delivery area and increase their marketing efforts for both delivery/ pick up and walk ins. Over 70 % of business is generated by walk ins, and only 25% commercial business.
Support & Training:
Three weeks during transition.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Michael Schimmel

Business Listed By:
Michael Schimmel

Excel Business Advisors LLC

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